Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for global professionals · Monday, June 17, 2024 · 720,514,248 Articles · 3+ Million Readers

IADA, Jetquity Form Partnership Guaranteeing BizJet Resale Values

Helping Clients of IADA Members When They Sell

We are very pleased with this agreement to expand our Residual Value Guarantee Programs to the powerhouse IADA international resale network.”
— Jetquity CEO & Managing Partner Asad Rahman

GENEVA, SWITZERLAND, May 27, 2024 /EINPresswire.com/ -- The International Aircraft Dealers Association (IADA) has partnered with Jetquity, Inc., to offer its Residual Value Guarantee Program exclusively to business jet resale clients of the dealer association. The joint announcement was made today at an IADA press conference held at EBACE2024 in Geneva.

The innovative Jetquity program safeguards business aircraft buyers against future market volatility by agreeing to purchase the aircraft at preset prices, established using proprietary algorithms and AI. Jetquity is an IADA-Verified Products and Services Member, with offices in New York, London and Dubai.
“We are very pleased with this agreement to expand our Residual Value Guarantee Programs to the powerhouse IADA international resale network,” said Jetquity CEO & Managing Partner Asad Rahman. “We have found that IADA-Accredited Dealers are the world’s best experts in helping their aviation clients.”

He added, “Our innovative guarantees give IADA dealers valuable tools to help their clients avoid possible future financial downturns in the preowned aircraft marketplace. Only IADA Dealers will be permitted to sell Jetquity’s Residual Value Guarantee Program to their preowned clients,” he added.

Jetquity, which currently has 80 deals with aircraft buyers, is financially backed by a collection of Middle Eastern family offices, sovereign wealth funds and US financial institutions. Jetquity, has already structured numerous purchasing guarantees for clients of IADA-Accredited Dealers, including Jetcraft and JetHQ, and a number of IADA OEM Members.

“Going forward, Jetquity's Residual Value Guarantee Program will be available to aircraft buyers using the services of IADA-Accredited Dealers and Certified Brokers,” said IADA Chairman Phil Winters, who is also Vice President Aircraft Sales & Charter Management for Greenwich AeroGroup & Western Aircraft Inc. “An IADA dealer who sells a Jetquity Residual Value Guarantee will represent Jetquity in reselling that aircraft,” he added.

Under the Jetquity program, the aircraft owner clients of IADA Dealer Members will pay preferential fees consisting of a small percentage of the aircraft’s value. Jetquity guarantees to buy back the aircraft at set prices after three or five years.

At that time, if an airplane is worth more than the guaranteed value, its owner is free to sell it on the market, with no maximum price cap. If it is worth less, Jetquity buys it at the pre-established price, and engages the IADA Dealer to resell it. For more info go to Jetquity Solutions.

About the International Aircraft Dealers Association

IADA's dealers consist of the top 17 percent of the world's experts who handle 50 percent of used business aircraft sales. IADA-Accredited dealers buy and sell more aircraft by dollar volume than the rest of the world’s dealers combined. Ninety-nine percent of IADA dealers do business in North America, 62 percent of dealers operate in Europe, 58 percent are active in Latin America and the Caribbean, 42 percent do business in Asia and the Pacific region, 34 percent work in the Middle East and 33 percent in Africa. IADA also represents a variety of IADA-Verified Product and Services Members that operate with the highest professional standards in the industry. For more info go to https://www.iada.aero.

About AircraftExchange.com

IADA's AircraftExchange marketing search portal is the only site where every aircraft listed for sale is represented by an IADA-Accredited Dealer. AircraftExchange enables users to create a confidential dashboard of business jets for sale, filtered based on their features and amenities, class size, age, and price. Users can browse through data-rich listings for available business aircraft. For more info go to https://www.AircraftExchange.com.

Jim Gregory for IADA
James Gregory Consultancy llc
+1 316-706-9147
email us here
Visit us on social media:
Facebook
X
LinkedIn
Other

Powered by EIN Presswire


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release